Can I retire at age 30 with 2,470,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $2,470,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$203,970$202,153$200,381$198,651$196,961$191,578
2 years$100,975$99,095$97,272$95,505$93,791$88,407
3 years$66,648$64,760$62,942$61,191$59,505$54,289
4 years$49,488$47,605$45,805$44,085$42,439$37,431
5 years$39,195$37,323$35,547$33,861$32,262$27,474
6 years$32,335$30,477$28,727$27,079$25,528$20,966
7 years$27,436$25,595$23,872$22,263$20,761$16,426
8 years$23,765$21,939$20,246$18,676$17,223$13,112
9 years$20,910$19,102$17,438$15,908$14,504$10,613
10 years$18,628$16,838$15,202$13,713$12,358$8,682
11 years$16,762$14,989$13,384$11,934$10,629$7,162
12 years$15,208$13,454$11,878$10,468$9,211$5,946
13 years$13,894$12,158$10,612$9,242$8,032$4,963
14 years$12,769$11,052$9,535$8,204$7,041$4,161
15 years$11,795$10,096$8,609$7,316$6,199$3,500
16 years$10,943$9,263$7,805$6,551$5,479$2,953
17 years$10,192$8,531$7,102$5,886$4,858$2,497
18 years$9,526$7,883$6,484$5,304$4,319$2,116
19 years$8,930$7,306$5,935$4,793$3,850$1,797
20 years$8,395$6,789$5,447$4,341$3,439$1,527
21 years$7,911$6,323$5,010$3,940$3,077$1,300
22 years$7,472$5,903$4,618$3,582$2,758$1,107
23 years$7,071$5,521$4,264$3,262$2,476$944
24 years$6,705$5,172$3,943$2,975$2,226$806
25 years$6,368$4,854$3,652$2,717$2,003$688
26 years$6,058$4,562$3,387$2,485$1,804$588
27 years$5,771$4,293$3,145$2,274$1,626$502
28 years$5,505$4,046$2,924$2,084$1,468$429
29 years$5,258$3,817$2,721$1,911$1,325$367
30 years$5,028$3,604$2,535$1,754$1,197$314
31 years$4,813$3,407$2,363$1,611$1,083$269
32 years$4,612$3,224$2,205$1,480$979$230
33 years$4,423$3,053$2,058$1,361$886$197
34 years$4,246$2,894$1,923$1,252$802$169
35 years$4,080$2,745$1,798$1,153$727$144
36 years$3,923$2,605$1,682$1,062$658$124
37 years$3,775$2,474$1,574$978$597$106
38 years$3,635$2,351$1,474$902$541$91
39 years$3,502$2,236$1,381$831$491$78
40 years$3,377$2,127$1,295$767$445$67
41 years$3,258$2,025$1,214$707$404$57
42 years$3,145$1,929$1,139$653$366$49
43 years$3,037$1,838$1,069$603$332$42
44 years$2,935$1,752$1,003$557$302$36
45 years$2,837$1,670$942$514$274$31
46 years$2,744$1,593$885$475$249$26
47 years$2,655$1,521$831$439$226$23
48 years$2,570$1,452$781$405$205$19
49 years$2,489$1,386$734$375$186$17
50 years$2,412$1,324$690$346$169$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,470,000, adding $5,812 every year, while hoping to spend $26,800 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 34/46/20 Blend
29$2,470,000$2,470,000$2,470,000$2,470,000
30$2,727,935$2,597,025$2,558,740$2,803,780
31$2,977,669$2,695,764$2,615,943$2,959,025
32$3,251,979$2,798,444$2,674,164$3,123,442
33$3,553,341$2,905,228$2,733,409$3,300,189
34$3,884,486$3,016,288$2,793,682$3,490,373
35$4,248,422$3,131,805$2,854,989$3,695,210
36$4,648,463$3,251,966$2,917,333$3,916,031
37$5,088,259$3,376,965$2,980,717$4,154,299
38$5,571,833$3,507,007$3,045,142$4,411,621
39$6,103,615$3,642,306$3,110,610$4,689,760
40$6,688,488$3,783,083$3,177,119$4,990,651
41$7,331,830$3,929,570$3,244,669$5,316,423
42$8,039,568$4,082,011$3,313,257$5,669,413
43$8,818,232$4,240,657$3,382,879$6,052,188
44$9,675,017$4,405,775$3,453,531$6,467,570
45$10,617,850$4,577,638$3,525,205$6,918,663
46$11,655,465$4,756,537$3,597,893$7,408,876
47$12,797,486$4,942,771$3,671,587$7,941,957
48$14,054,518$5,136,655$3,746,273$8,522,031
49$15,438,245$5,338,518$3,821,940$9,153,631
50$16,961,543$5,548,702$3,898,572$9,841,742
51$18,638,599$5,767,567$3,976,152$10,591,852
52$20,485,043$5,995,485$4,054,661$11,409,992
53$22,518,102$6,232,848$4,134,077$12,302,801
54$24,756,757$6,480,066$4,214,376$13,277,584
55$27,221,920$6,737,564$4,295,532$14,342,376
56$29,936,640$7,005,788$4,377,516$15,506,024
57$32,926,311$7,285,205$4,460,297$16,778,259
58$36,218,916$7,576,302$4,543,838$18,169,795
59$39,845,292$7,879,587$4,628,103$19,692,423
60$43,839,418$8,195,593$4,713,051$21,359,123
61$48,238,737$8,524,875$4,798,636$23,184,183
62$53,084,508$8,868,014$4,884,811$25,183,333
63$58,422,199$9,225,618$4,971,523$27,373,891
64$64,301,912$9,598,322$5,058,717$29,774,923
65$70,778,855$9,986,788$5,146,333$32,407,425
66$77,913,868$10,391,710$5,234,305$35,294,512
67$85,773,993$10,813,815$5,322,564$38,461,639
68$94,433,108$11,253,859$5,411,038$41,936,838
69$103,972,623$11,712,636$5,499,645$45,750,977
70$114,482,249$12,190,973$5,588,302$49,938,053
71$126,060,846$12,689,739$5,676,917$54,535,505
72$138,817,354$13,209,838$5,765,396$59,584,570
73$152,871,823$13,752,219$5,853,636$65,130,662
74$168,356,543$14,317,872$5,941,527$71,223,806
75$185,417,296$14,907,833$6,028,954$77,919,098
76$204,214,731$15,523,187$6,115,794$85,277,228
77$224,925,876$16,165,067$6,201,916$93,365,046
78$247,745,818$16,834,657$6,287,183$102,256,190
79$272,889,536$17,533,199$6,371,447$112,031,776
80$300,593,932$18,261,990$6,454,554$122,781,163
81$331,120,071$19,022,385$6,536,340$134,602,785
82$364,755,641$19,815,805$6,616,631$147,605,084
83$401,817,672$20,643,735$6,695,242$161,907,523
84$442,655,523$21,507,727$6,771,982$177,641,710
85$487,654,187$22,409,406$6,846,644$194,952,636
86$537,237,921$23,350,474$6,919,014$214,000,037
87$591,874,251$24,332,708$6,988,862$234,959,898
88$652,078,385$25,357,972$7,055,949$258,026,107
89$718,418,078$26,428,211$7,120,022$283,412,277
90$791,518,994$27,545,464$7,180,814$311,353,759
91$872,070,604$28,711,865$7,238,044$342,109,859
92$960,832,703$29,929,644$7,291,416$375,966,271
93$1,058,642,580$31,201,138$7,340,620$413,237,773
94$1,166,422,920$32,528,790$7,385,328$454,271,190
95$1,285,190,516$33,915,160$7,425,195$499,448,658
96$1,416,065,871$35,362,924$7,459,860$549,191,223
97$1,560,283,767$36,874,885$7,488,943$603,962,808
98$1,719,204,933$38,453,976$7,512,045$664,274,585
99$1,894,328,884$40,103,268$7,528,745$730,689,787
100$2,087,308,076$41,825,974$7,538,604$803,829,016